SMSF software specialist BGL Corporate Solutions has been registered to lodge the annual returns of funds electronically with the ATO via the government’s standard business reporting (SBR) facility for users of BGL’s Simple Fund 360.

Trustee association the SMSF Owners’ Alliance has hit out at proposals to ban the use of gearing within superannuation and abolish the dividend imputation system.

The implementation of real-time or continuous audits of SMSFs will not happen in the immediate future and will likely be offered as a service by the large administration platforms, according to a sector specialist.

Accounting firm Count Financial has begun preparing for potential capacity constraints that will be faced by the industry as the deadline for SMSF accountants to become licensed draws closer.

The ATO has published a fact sheet detailing its approach to treating income from assets purchased under a related-party loan as non-arm’s-length income, while at the same time warning SMSF trustees not to treat its latest interpretive decisions (ID) on the subject as definitive.